401 Downey AveModesto, CA 95354

Property Details for 401 Downey Ave

Property size (Sq ft)

4,170 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional mixed-use property in desirable downtown Modesto, CA, presents a lucrative investment opportunity. Located at 405 Downey Ave, this 4,170 square foot shopping center sits on a 9,120 square foot lot and boasts a strong 7.18% capitalization rate. The property comprises a well-established restaurant (Bauhaus) with a new 5-year lease at $2,000 per month (to be executed during escrow), a salon with a recently extended 3-year lease, and two apartments – a one-bedroom unit with a long-term tenant and a two-bedroom unit with a seller-financed sale-leaseback at $1,700 per month. The restaurant occupies approximately 760 square feet, the salon approximately 2,100 square feet, and the apartments combine for roughly 1,310 square feet. The asking price is $800,000, translating to $191.85 per square foot. This prime location at the high-traffic intersection of Scenic and Burney offers excellent visibility and desirability, making it an ideal investment for both business owners and tenants. Ample parking is available on-site. The property's strong tenant base and favorable lease terms provide a stable income stream and significant potential for future growth. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving downtown area. The property is zoned for mixed-use commercial.

Location Insight

City

Modesto

County

Stanislaus

State

California

Latitude

37.6457

Longitude

-120.989

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].